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Nuveen High Yield Municipal Bond I NHMRX

Analyst rating as of
NAV / 1-Day Return
15.27  /  0.41 %
Total Assets
18.5 Bil
Adj. Expense Ratio
Expense Ratio
Fee Level
Longest Manager Tenure
21.48 years
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
TTM Yield
Effective Duration
11.76 years

Morningstar’s Analysis

Will NHMRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Nuveen High Yield Municipal Bond Is Closing to Most New Investors; Ratings Unchanged

Senior Analyst

Analyst Note

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Nuveen announced in a prospectus supplemented dated Aug. 19, 2021, that Nuveen High Yield Municipal Bond NHMRX would close to new investors at the close of business on Sept. 30, 2021. In addition to allowing existing investors to continue purchasing new shares, the firm will continue to allow those investing through mutual fund rap and fee-based advisory programs utilizing the strategy and those investing in the fund through affiliated funds of funds, model portfolios, and retirement plans offering the fund to purchase new shares. The firm stated that the decision was made to moderate asset growth but did not reflect a specific capacity ceiling on the strategy; the firm announced the same changes for Nuveen California High Yield Municipal Bond NCHRX.

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